Harmonic Patterns
MNT Risk/Reward = 4.2The price of MNT had been moving within a downward trend for an extended period, but the recent sharp drop has attracted buyers who became active at key levels. The rebound from a strong support level indicates a possible reversal and growth potential.
🟢 Buy Zone: 0.9230–0.9968 USDT
🎯 Take-Profit Targets:
1️⃣ TP1: 1.0736 USDT
2️⃣ TP2: 1.2513 USDT
3️⃣ TP3: 1.5485 USDT
🛑 Stop-Loss: 0.8008 USDT
🔝 Entry Idea:
Risk/Reward = 4.2
This signal is based on the technical recovery of the coin and a favorable risk-to-reward ratio. Pay close attention to the support level and potential breakout of key levels!
Gold Looks Towards 2700 $Gold Futures Short at 2730 $ as Double Top Pattern formation completed and Neck Line is Broke successfully with retest done in H1 time frame.
Expected fall towards 2700 $ which will be Profit Taking level.
Characteristics of a Double Top Pattern:
Two Peaks:
The price creates two nearly equal highs, indicating strong resistance at that level.
The peaks are separated by a pullback (called the "valley").
Support Breakout:
The pattern is confirmed when the price breaks below the "neckline" (the horizontal line connecting the lowest point of the valley).
Volume:
Volume is typically higher during the first peak and lower during the second, showing weakening bullish momentum.
Bearish Implication:
When the neckline is broken, it suggests a potential downtrend, as buyers fail to push the price higher.
BTCUSDTBased on the current market structure, it's possible that BTC might drop to the $95 level, but there are also arguments against it. Here's a balanced analysis:
Arguments For a Drop to $95:
1. Historical price action: BTC has previously shown a tendency to retest broken support levels, which could lead to a drop to $95.
2. Fibonacci retracement: A pullback to the $95 level would represent a 61.8% Fibonacci retracement of the recent uptrend.
3. Selling pressure: If the $100 demand floor fails to hold, it could trigger a cascade of sell orders, potentially pushing the price down to $95.
Arguments Against a Drop to $95:
1. Strong demand: The $100 demand floor has been a significant support level, and buyers may continue to defend it.
2. Bullish momentum: The recent uptrend has been strong, and a drop to $95 might be too deep, given the current momentum.
WATCH BY ZONE ON 96K-93K ZONE
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
This currency pair has found support upon reaching the bottom of the channel and a key support zone. A bullish move is anticipated from this level, with the price expected to rise at least to the top of the channel and the specified resistance area.
Don’t forget to like and share your thoughts in the comments! ❤️
GBPJPYThe GBPJPY support is holding buy sentiment at 189.441 due to a combination of technical and fundamental factors.
From a technical perspective, the price has formed a double bottom pattern around the 189.441 level, indicating a potential reversal of the downtrend
Fundamentally, the BOJ's threat of Forex intervention has not had a significant impact for now until we see further break of demand floor like the 189.44 level
our target for gpbjpy will be 200 -202
Zomato Share AnalysisZomato Share Analysis (January 2025)
1. Short-Term Analysis (1-3 months):
Current Trend: Zomato ka share recent mein gir gaya hai. Iska reason market conditions ya company-specific news ho sakta hai.
Entry Point (Short Term - Day Trade): Agar aap short-term mein trade kar rahe hain, toh aap, kal ke green candle par (5 min timeframe) 4 candles ke range mein entry le sakte hain, agar stock thoda aur neeche jata hai.
Exit Point (Short Term - Day Stop Loss):
Profit Target - 2%
Small SL - .5% - Price 226
Medium-Term Analysis (1-3 months):
Current Sentiment: Zomato ki growth potential abhi bhi strong hai, lekin competition aur profitability concerns hai.
Long-Term Analysis (6 months - 1 year):
Growth Potential: Zomato ka long-term growth potential abhi bhi strong hai, especially food delivery aur subscription services mein. Agar company apni profitability improve karti hai, toh stock ka value badh sakta hai.
Long Term Target - 400
Weekly chart The daily improvement in the Greenback motivates Gold prices to give away part of the weekly strong advance and slip back to the vicinity of the $2,700 region per troy ounce at the end of the week.
The short-term technical outlook for Gold price continues to favor of Gold buyers as the previous week’s symmetrical triangle breakout remains in play and the yellow metal holds well above all the major daily simple moving averages (SMA).
Gold price eyes acceptance above the key static resistance at $2,726 to extend the uptrend toward the $2,750 psychological barrier. The next target is aligned at the record high of $2,790.
If the correction unfolds, Gold price will find initial demand at the previous day’s low of $2,690, below which the January 15 low of $2,670 will be tested.
NZDCAD GARTLEY PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
EURGBP SHORTAs price continues to follow the bearish channel, currently testing at multiple levels of resistance, followed by an increased HP this trade setup has the potential to overwhelm the bullish correction.
After advanced technical analysis has been completed, the price looks to be aiming for the previous lows for potential breakdowns or complete with the initial setup for a long position.
This market looks to be entering a volatile state and we can expect "major movements" giving the opportunity to benefit greatly overall.
With proper risk management, this trade setup has the potential to be observed and experienced as an investment.
This is not a signal and is not recommended to Leverage or Enter this Trade.
NZDUSD SHARK PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.